GrubHub Rises Following Upgrade: A Look At 2 Other Mobile App Stocks

GrubHub Inc (NYSE: GRUB) was up more than 1.5 percent Wednesday and stands among the most popular stocks on New Year’s Eve.

Barrington's Jeffrey Houston boosted his rating on Tuesday, from Market Perform to Outperform, and set a $43 price target. The specialist said that his bullishness was based on the company’s "large and under-penetrated target market along with its deep moat to keep out competition."

The stock recently traded at $36.34, up 1.3 percent.

Goldman Sachs on December 16 upped its rating for the stock from Neutral to Buy.

So what are some other valued options in the mobile app space?

TeleNav Inc (NASDAQ: TNAV) trades at 1.8 times its sales and 1.4 times its book value. It recently traded at $6.68, up 0.45 percent.

China Mobile Games & Entertainment Grp Ltd (NASDAQ: CMGE) trades at 17.7 times the company’s earnings, two times its book value and 3.5 times its sales.

One research firm has a rating for China Mobile, Nomura, which issued a Buy rating and $32 price target in late May.

The stock recently traded at $17.94, down 0.433 percent.